November 19, 2018 – Matthew Nadler of Horvath & Tremblay has successfully completed the sale of Holiday Gas in North Branch, Minnesota. Horvath & Tremblay exclusively represented the seller and procured the buyer to close the transaction at a sale price of $1,760,000.
Holiday Gas has occupied this location since it’s construction in 2008. They have shown commitment to this location with the recent extension of the ground lease for an additional ten years through October 2028. Included in the lease is a 5% rental increase in year 6 and five, 5-year renewal options with 10% rental increases at the beginning of each option period. The Property has a competitive edge over nearby gas stations and convenience stores due to its on-site automated car wash and availability of E85-flex fuel. The Property also benefits from its location on a highly-visible outparcel in front of a strong-performing grocery store as well as its accessibility from Interstate-35 at Exit 147. Over 20,600 vehicles pass the site daily on St Croix Trail. The Property sits on a highly visible outparcel at the North Branch Marketplace, anchored by a Shopko Department Store and County Market Grocery Store. Across St Croix Trail is a Burger King, Denny’s and the entrance to the North Branch Outlet Mall. Additional prominent retailers in the immediate area include Ashley Homestore, The Furniture Mart, Slumberland Furniture, Fairview Urgent Care, McDonald’s, Dairy Queen, Taco Bell, Perkins Restaurant, and Subway along with a 6-screen North Branch Cinemas. Several car dealerships and traveler hotels also bring consumers to the immediate area.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.